CNOOC Ltd - Company Profile
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CNOOC Ltd (CNOOC), a subsidiary of China National Offshore Oil Corp, is a company primarily engaged in the exploration, development, production, and sale of crude oil and natural gas. The company's major products include offshore crude oil and natural gas. CNOOC operates under its own brand and is recognized as one of the largest independent oil and gas exploration and production companies globally. Its products serve various industries, including energy and manufacturing, providing essential resources for power generation and industrial processes. CNOOC collaborates with partners through product sharing contracts for oil and gas resource exploitation. The company operates in multiple geographic locations, including China, Asia, Oceania, Africa, North America, South America, and Europe, targeting both domestic and international markets. CNOOC is headquartered in Hong Kong City, Hong Kong.
Headquarters
Hong Kong
Address
65/F, Bank of China Tower, 1, Garden Road, Hong Kong City
Website
www.cnoocltd.com
Telephone
86 10 84522973
No of Employees
23,084
Industry
Energy and Utilities
Ticker Symbol & Exchange
883 (HKG)
Revenue (2024)
$55.4B
-5.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-11.5%
(2024 vs 2023)
Market Cap*
$148.9B
Net Profit Margin (2024)
XYZ
-6.5%
(2024 vs 2023)
* As of and is in US$
CNOOC Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Exploration of Crude Oil and Natural Gas |
| Natural Gas | Trading of Oil and Gas |
| Condensate |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Commercial Operation | In December, the company started production at its Xijiang Oilfields 24 Block Development Project. |
| 2025 | Oil/Gas Discovery | In December, the company announced an oilfield discovery at Qinhuangdao 29-6 in shallow Neogene formations in the Bohai Sea. |
| 2025 | Contracts/Agreements | In December, CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. entered into an agreement with PETRONAS LNG Ltd. for 1.0 million tonnes per annum of liquefied natural gas. |
Competitor Comparison
| Key Parameters | CNOOC Ltd | PetroChina Co Ltd | China Petroleum & Chemical Corp | Japan Petroleum Exploration Co Ltd | Kuwait Foreign Petroleum Exploration Co |
|---|---|---|---|---|---|
| Headquarters | Hong Kong | China | China | Japan | Kuwait |
| City | Hong Kong City | Beijing | Beijing | Chiyoda-Ku | Kuwait City |
| State/Province | - | Beijing | Beijing | Tokyo | - |
| No. of Employees | 23,084 | 367,173 | 351,104 | 1,653 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Zhang Chuanjiang | Chairman | Executive Board | 2025 | 58 |
| Huang Yongzhang | President; Chief Executive Officer; Director; Vice Chairman | Executive Board | 2026 | - |
| Mu Xiuping | Chief Financial Officer; Director | Executive Board | 2025 | 52 |
| Xu Changgui | Chief Geologist | Senior Management | 2024 | 55 |
| Yan Hongtao | Director - Safety; Director; President | Executive Board | 2022 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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